Shaded band: the middle 68% of outcomes. Where the blue curve sits above the dashed one, options price that move as likelier than a plain bell curve would.
TGT
Target Price
PCTL
Percentiles
Chance below
Price
vs spot
5%
10.82
−54.6%
16%
14.75
−38.2%
25%
17.87
−25.1%
50% (median)
23.24
−2.6%
75%
28.37
+18.9%
84%
31.67
+32.7%
95%
45.50
+90.6%
MOVE
Move Odds
Up 5% or more (25.06)
40%
Up 10% or more (26.25)
34%
Down 5% or more (22.67)
47%
Down 10% or more (21.48)
40%
Options price a 10%+ drop at 40%, 0.9× the 45% a bell curve with the same volatility gives.
Risk-neutral odds from option prices, the bot's lgf odds method: out-of-the-money mids → implied vols → a smoothed smile in total variance → density = erT·∂²C/∂K² (Breeden–Litzenberger). Risk-neutral odds include the market's risk premium, so they lean bearish compared with real-world odds. Not investment advice.